For traders with a more short-term time horizon, we have compiled a list of the S&P 1500 stocks that have the largest intraday high-low ranges (based on the average percent spread between the intraday high and low over the last fifty days). We then grouped the stocks based on whether they have a rising or falling 50-day moving average. Stocks highlighted in gray are new to the list this month.
While the majority of stocks on the list are still from the Financials and Consumer Discretionary sectors, we are beginning to see some broadening of the range of sectors. This implies that the market is beginning to stabilize as no one or two sectors are the center of volatility. The other positive aspect of this list is that stocks with rising moving averages outnumber stocks with falling moving averages by a factor of about five to one. This is a complete reversal of the situation six months ago when most stocks had falling 50-day moving averages.
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